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Verslas is a firm operating in a monopolistically competitive market. It is currently maximizing profit with an output of 1,200 units and a price of

Verslas is a firm operating in a monopolistically competitive market. It is currently maximizing profit with an output of 1,200 units and a price of $5. Based on this information, which of the following statements must be true?

Verslas could not sell more units by lowering its price.

Verslas is earning normal profit.

Verslas is earning $3,600 in profit.

Verslas has a marginal revenue less than $5.

Verslas has a marginal revenue greater than $5.

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